Hannon Armstrong: Q1 Earnings Insights - Hannon Armstrong (NYSE:HASI)

Hannon Armstrong HASI reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Hannon Armstrong beat estimated earnings by 10.64%, reporting an EPS of $0.52 versus an estimate of $0.47.

Revenue was up $5.14 million from the same period last year.

Last quarter the company beat on EPS by $0.06 which was followed by a 10.88% increase in the share price the next day.

Here's a look at Hannon Armstrong's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.41	0.41	0.39	0.40
EPS Actual	0.47	0.41	0.57	0.43
Revenue Estimate	27.69M	26.28M	23.42M	24.62M
Revenue Actual	30.54M	26.24M	25.02M	25.10M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Hannon Armstrong management provided guidance for FY 2024, expecting earnings between $2.4 and $2.4 per share.

To track all earnings releases for Hannon Armstrong visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.